The current ‘Great Resignation Era’ is a golden opportunity for an organization to rethink how it attracts employees. This article will explore one tactic for taking advantage of this once-in-a-generation opportunity. First, let’s look at a quick look at how we got here.
Baby Boomers
The “Great Resignation” story begins at the end of the “Great Recession.” The economic downturn from December 2007 to June 2009 pushed many baby boomers to retire a decade later during the tail end of the pandemic lockdown. As the stock market soared before Covid, baby boomers began completing their move into retirement.
Mid-Career Exodus
The “Great Resignation” has led mid-level employees to quit at record numbers. Resignations have decreased in workers 20-25 (1) and have vastly increased for mid-career employees (2).
Career Change
CNBC reported that 50% of employees want to make a significant career change (3).
This era of the “Great Resignation” has provided a perfect environment for an organization to rethink how it attracts employees. Traditional HR employment models may not be as effective as in previous decades. There may need to be more than just placing an ad online to empower candidates to take their time to apply for open positions. An organization may need to find a new way to attract applicants and retain employees.
Virtual Reality Training is fun (4), engaging (5), affordable (6), and offers improved retention (7). This new learning model aligns with new employees’ expectations and will help achieve new hire and employee retention goals. Virtual Reality Training provides the next generation of education (8). This enhanced training method gives an organization an advantage in creating a culture of training.
Let’s work together to create an environment where employees embrace change and love learning new things. Contact our team at contact@topointc.com for a demo today.